Do your clients pay cleaning, IT, or freights contractors as part of their business? These and other contractor industries are now included in the Taxable Payment Annual Report (TPAR). As part of the ATO’s Black Economy Taskforce it was announced that the TPAR would be extended to more industries requiring payments to contractors to be […]
TPB cracking down on Tax Agents The Tax Practitioners Board have confirmed that they will be closely reviewing Annual Declarations and have recently suspended six Tax Practitioners for failing to lodge their Annual Declaration on time. Do you know when your Annual Declaration is due? Despite being busy supporting their clients and ensuring that their
TPB cracking down on Tax Agents Read More »
Finally, it looks like there will be a change to the Fringe Benefit Tax (FBT) relating to taxis. There has been confusion and frustration over whether employers are entitled to the FBT exemptions available to taxis when they use an Uber and similar ride-sourcing services. The ATO had previously confirmed that “taxi” only referred to
FBT for taxis may soon include Uber and others Read More »
From 1 July 2019, Single Touch Payroll was introduced for all businesses including those with 19 or fewer employees. However, to support small businesses the ATO had allowed a transition period of three months to start reporting or to apply for additional time. This transition period will end on 30 September 2019.
STP transition period for small businesses ends soon Read More »
Delay your Mac upgrade! Apple are releasing a new operating system, Catalina, for Macs. The release date is not confirmed yet, but it could be as early as mid-September 2019. However MYOB have announced that AccountEdge v18.5, or earlier, will not run on this operating system. MYOB advises that you turn off automatic
Important news for users of MYOB AccountEdge Read More »
In March the Government announced an independent review of the Tax Practitioners Board (TPB) and the Act and the Regulations covering Tax Agent Services. This review has recently released its discussion paper before recommendations are made to the Government later in the year. One of the consultation points is “Should the primary educational
TPB Review considers increasing the education requirements of BAS Agents Read More »